Nil balance credit card statement

kazl_2

I've just received the statement for one of credit cards - the first one we have paid off :j :j

Felt really good until I opened the rest of the post and realised I now have to start paying back my student loan :eek: Mixed feelings really as I now earn too much to continue deferring it which is good (took me 10 years to get there!) but its another payment going out each month.

Ive been offered 0% for 6 months on this card for balance transfers so may transfer the balance from another card onto it. There's a 2.5% transfer charge but think it still works out cheaper than leaving debt on 13.8% card. Only dilemma is that zero balance is a very nice feeling but on other hand zero balance would then be on 13.8% card.

LewisC_2

Congrats! I had this a little while back too, except I'd overpaid and got a statement telling me they owed me £35

Snaggles

If it works out cheaper, do it! Then cut the other card up....in fact cut them both up so there's no temptation!

Well done on clearing it!

kazl_2

Snaggles wrote:

If it works out cheaper, do it! Then cut the other card up....in fact cut them both up so there's no temptation!

Well done on clearing it!

Thanks. I'll have to pluck up the courage to cut the cards up. Its a big step because it has a £15k limit but I know I need to do it.

Crown

Nice one Kazl,

Just too say that it may feel like a big ste pcutting up a card but that 15k Credit limit will proof a temation and you could end up at square one again with a massive debt.

Good luck with the next card

kazl_2

Crown wrote:

Nice one Kazl,

Just too say that it may feel like a big ste pcutting up a card but that 15k Credit limit will proof a temation and you could end up at square one again with a massive debt.

Good luck with the next card

Thanks. Could be waiting a while for the next card as its antoher one with £15k limit and its almost at its max At least we're making progress

Chicken_Samosa

Thats great stuff, i should be in the same boat as you by June if all goes well.

I think I will frame my statement that says £0 balance

piglet6

I wanted to frame my first £0 balance statement as well!

At the end of the day, its important to remember that you did pay off the card (even if you then put something else onto it - and by doing that, you are zero-ing...or at least making a huge dent in...another card, so transfer your feeling of pride and happiness to the dent you have made in the second card instead!;)). The achievement is still there, so feel rightly pleased with yourself. :T

Well done! :beer:

Piglet

(And I agree with Kazl - a £15k limit is very tempting...and you would have to have a serious emergency to "need" an emergency £15k... Go on - cut it up! )

kazl_2

Chicken_Samosa wrote:

I think I will frame my statement that says £0 balance

I've already asked DH if i could put it up on the wall - think he thought i was mad :rotfl: